Derivative Stock Pick

Sept 09, 2015
Derivative Stock Pick

RETAIL RESEARCH
Derivative Pick Buy IRB Infra
Scrip
IRB Infra
CMP
Recommendation
Stoploss
224 (Sept Fut.) Buy between 220 to 225
206
Target
250
Time
3-10 Days
IRB Infra Futures Daily Chart
Observations
IRB Infra recently made a double bottom pattern by bouncing from the 205-208 support levels.
Today, the stock broke out of a three day range on the back of higher than average volumes, indicating that buying was
intense.
Technical indicators too are giving positive signals as the stock is trading above the 13-day SMA and the 14-day RSI is in rising
mode.
On analyzing derivatives data, we observe that OI is rising indicating a build up of long positions.
The OI PCR too is in decline mode, which indicates more call build up.
The IV is declining, which is healthy for a uptrend to develop.
Traders can buy the stock in Sept futures between 220 to 225 with the stoploss of 206 (Intraday) for the target of 250.
RETAIL RESEARCH
Analyst: Subash Gangadharan ([email protected])

HDFC securities Limited, I Think Techno Campus, Building - B, "Alpha", Office Floor 8, Near Kanjurmarg Station, Opp. Crompton Greaves, Kanjurmarg (East), Mumbai 400
042 Phone: (022) 3075 3400 Fax: (022) 2496 5066 Website: www.hdfcsec.com Email: [email protected]
Disclosure:
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reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific
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publication of the Research Report. Further Research Analyst or his relative or HDFC Securities Ltd. or its associate does not have any material conflict of interest. Any
holding in stock No
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RETAIL RESEARCH

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Sept 09, 2015

Derivative Stock Pick

224 (Sept Fut.) Buy between 220 to 225

IRB Infra Futures Daily Chart

Analyst: Subash Gangadharan ([email protected])

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